BKICBahrain Kuwait Insurance Company
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BKIC is a subsidiary of Kuwait's Gulf Insurance Group (GIG).
BKIC has deposited and kept the consideration at 95 fils per share ready for settlement for the number of shares surrendered in an escrow account with Securities & Investment Company (SICO).
After a nearly five-and-a-half year stint with BKIC Datta quit the company in 2001 to move to US-based international insurer Chubb.
Abdul Karim Bucheery, BBK s Chief Executive, said: the introduction of the enhanced and new SECURA products through our partnership with long time partner BKIC is part of BBK s continuing efforts to provide our customers with a comprehensive range of products and services which satisfy all of their financial needs and that are enhanced regularly to cater to the ever changing needs of the market.
Despite exceptional circumstances in Bahrain earlier this year, said BKIC,
Best's opinion, BKIC enjoys an excellent domestic franchise in Bahrain, where it ranks as the leading insurer by gross written premiums, and a prominent position in the Kuwaiti market.
Describing Mr Noor as a distinguished and qualified young Bahraini in the insurance market, BKIC CEO Ebrahim Al Rayes said, "We are confident that Mr Noor will study and develop various solutions and opportunities that will assist in the development of the company and its services and further enhance its position in the insurance market locally and regionally.
As a result of its increased shareholding in TIC, Bahrain's capital market regulations required BKIC to make a mandatory offer for the remaining minority interest stake of TIC.
He said BKIC is still the market leader in terms of gross premiums.
These services come as a result of the dedicated efforts of BKIC and Gulf Assist teams to improve our customers' experience.
Whilst BKIC holds a leading position in Bahrain and is a prominent insurer in Kuwait, its profile has remained stagnant in recent years as the company aims to increase its presence in these relatively small markets.
BKIC board approved the results, which included financial statements of Takaful International.